3004 68Th StScottsdale, AZ 85251

Property Details for 3004 68Th St

Year built

1973

Construction

CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

2,485 SF

Zone code

S-R

Property type

Office buildings

APN

130-09-017

APU

13009017

Description

This single-story, 2,485 square foot freestanding office building is located in desirable South Scottsdale at 3004 N. 68th Street, AZ 85251. Built in 1973 with renovations in 2000 and 2008, the property sits on a large 10,920 square foot double lot and offers 11 parking spaces (eight covered). The building features a reception area, six large executive offices, a central workspace, a galley kitchen, and two half-bathrooms. Zoned S-R, C-1, it's ideally suited for professional use. The asking price is $950,000 ($382.29/sq ft), and the property is offered as an owner/user opportunity. This is a 1031 exchange opportunity, with the seller facilitating the exchange at no cost to the buyer. The property enjoys excellent access to major roadways, including the Loop 101 Freeway, and is surrounded by a thriving neighborhood with new developments, coffee shops, restaurants, and remodeled residential properties. The property's APN is 130-09-017, 130-08-018.

• CAP approach

  CAP return

  Valuation

  6%

  $787,775

  6.5%

  $727,177

  7%

  $675,236

• Comparable approach

  Method

  Valuation

  Relative Method

  $560,566

  Geo Method

  $560,566

• Alternative Use

  Use

  Valuation

  Residential

  $901,699

  Hospitality

  $825,952

  Educational

  $687,182

  Medical

  $710,815

  Retail

  $1,068,950

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.482

Longitude

-111.935

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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